FS KKR Capital Corp. (NYSE:FSK) Short Interest Down 19.1% in October

FS KKR Capital Corp. (NYSE:FSK) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 3,350,000 shares, a decrease of 19.1% from the October 15th total of 4,140,000 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 1,220,000 shares, the short-interest ratio is presently 2.7 days.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FSK. Royal Bank of Canada reissued a “sector perform” rating and set a $20.00 price target on shares of FS KKR Capital in a report on Wednesday, August 14th. Wells Fargo & Company reduced their target price on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, FS KKR Capital has an average rating of “Hold” and a consensus target price of $19.94.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FSK. Wedbush Securities Inc. lifted its stake in FS KKR Capital by 1.4% in the second quarter. Wedbush Securities Inc. now owns 40,380 shares of the company’s stock valued at $797,000 after buying an additional 573 shares during the period. Wescott Financial Advisory Group LLC boosted its stake in FS KKR Capital by 2.9% during the 3rd quarter. Wescott Financial Advisory Group LLC now owns 21,118 shares of the company’s stock worth $417,000 after acquiring an additional 600 shares during the last quarter. Focus Financial Network Inc. increased its stake in FS KKR Capital by 3.2% in the second quarter. Focus Financial Network Inc. now owns 23,422 shares of the company’s stock valued at $477,000 after purchasing an additional 719 shares in the last quarter. Centaurus Financial Inc. raised its holdings in FS KKR Capital by 0.8% in the third quarter. Centaurus Financial Inc. now owns 116,701 shares of the company’s stock worth $2,303,000 after purchasing an additional 935 shares during the period. Finally, Souders Financial Advisors boosted its position in shares of FS KKR Capital by 3.9% during the second quarter. Souders Financial Advisors now owns 25,209 shares of the company’s stock worth $497,000 after purchasing an additional 950 shares in the last quarter. Institutional investors and hedge funds own 36.26% of the company’s stock.

FS KKR Capital Trading Up 0.2 %

Shares of NYSE FSK traded up $0.05 during midday trading on Friday, hitting $21.16. The stock had a trading volume of 1,437,581 shares, compared to its average volume of 1,243,371. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. FS KKR Capital has a fifty-two week low of $18.31 and a fifty-two week high of $21.30. The firm has a market cap of $5.93 billion, a P/E ratio of 11.26 and a beta of 1.25. The company’s 50-day simple moving average is $20.21 and its 200 day simple moving average is $20.02.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.04. The firm had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. During the same period in the previous year, the business posted $0.80 EPS. Research analysts anticipate that FS KKR Capital will post 2.89 EPS for the current year.

FS KKR Capital Increases Dividend

The firm also recently announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.70 per share. This represents a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s payout ratio is currently 136.17%.

About FS KKR Capital

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.